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Mr Khan said:

You can vote, or you can leave (though leaving violates terms of the contract as well, leading to large asset forfeiture)

So because of this "social contract" that I was born into and have no choice but to accept, I can either go along with it, or I can leave and be forced to give up a large portion of my property because I violated this contract that I was born into and was never capable of declining?

How is this at all a good argument for why the social contract is valid? Surely I should have to accept this contract before I'm bound by it. If I disagree with the terms of this "contract" that I was born into, surely I should be free to leave without punishment. After all, I never chose where I was born, and I never even agreed to the contract. 

And if the "social contract" is determined by social majority, what happens when society changes? Then this contract changes depending on the time (or region) you live in, and your continued agreement to this contract is implied by your continued living where you are. And if a social contract has existed at every time in history, like in pre Civil War US, what does that say about this contract? It's completely arbitrary and can be used to legitimize some truly horrible things.